Nationality American Name Henry Morgan Years active 1923–1982 | Occupation Banker Role Banker | |
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Title President & Chairman of TheMorgan Library & Museum Spouse Catherine (Adams) Morgan (m. 1923) Parents J. P. Morgan, Jr., Jane Norton Grew Children Henry Sturgis Morgan Jr., John Adams Morgan Similar People J P Morgan, J P Morgan - Jr, Harold Stanley, Charles Francis Adams III, Sonja Morgan | ||
A Story of Perseverance, Confidence and Success | Morgan Stanley
Henry Sturgis Morgan Sr. (October 24, 1900 – February 8, 1982) was an American banker, known for being the co-founder of Morgan Stanley and the President & Chairman of The Morgan Library & Museum.
Contents
- A Story of Perseverance Confidence and Success Morgan Stanley
- Early life and education
- Career
- Personal life
- Activities and interests
- References
Early life and education
Morgan was born on October 24, 1900 in London, England to John Pierpont Morgan Jr. (1867–1943) and Jane Norton Morgan (née Grew) (d. 1925). His father was the son of John Pierpont Morgan Sr. (1837–1913) and his mother was the daughter of Boston banker and mill owner Henry Sturgis Grew (1833–1910). He was educated at Groton School and graduated from Harvard University in 1923.
Career
In 1923, the same year he graduated from Harvard, he joined J.P. Morgan & Co. and was a partner from 1928 to 1935. In 1935, he co-founded the Morgan Stanley together with Harold Stanley when the Glass–Steagall Act forced the separation on investment banking and commercial banking.
At the death of his father in 1943, he and his brother Junius Spencer Morgan III inherited the estate. Morgan owned a 448-acre (1.81 km2) estate, which is located at Eaton's Neck Road, Eatons Neck, New York, United States.
Personal life
On June 26, 1923, he married Catherine Frances Lovering Adams (1902–1988), daughter of Frances Lovering and Charles Francis Adams III, the U.S. Secretary of the Navy under Hoover, and a direct descendant of U.S. Presidents John Adams and John Quincy Adams. The couple had five sons:
He died on February 8, 1982 in Manhattan, New York City at Columbia-Presbyterian Medical Center.
Activities and interests
Morgan was trustee, president and chairman of The Morgan Library & Museum, served on the boards of J.P. Morgan & Co., General Electric and Pullman Company, served as trustee of the Groton School and Museum of Modern Art and member of the Harvard Board of Overseers. During World War II, Morgan was a commander in the Naval Reserve and served as an OSS Agent.
Like his father, brother and grandfather he was the Commodore of New York Yacht Club where he served as chairman of its America's Cup Committee. He was also Vice President of International Yacht Racing Union. He was a member of Bohemian Grove, the Council on Foreign Relations, Community Service Society of New York, the Pilgrims Society and the Roxburghe Club.
Morgan was posthumously inducted into the America's Cup Hall of Fame in 2001.